Wealth Enhancement Group Acquires BPU Investment Management

January 10, 2020

On December 20, 2019, Wealth Enhancement Group announced an agreement to acquire BPU Investment Management.

Under the terms of the agreement, Wealth Enhancement Group (“Wealth Enhancement”) will acquire BPU Investment Management (“BPU”). The transaction is expected to close March 1, 2020. Further terms of the transaction were not disclosed.

Wealth Enhancement, based in Minnesota, is an independent wealth management firm. As of November 2019, Wealth Enhancement had almost $15.1 billion in client brokerage and advisory assets.

BPU, based in Pittsburgh, is a financial advisory and investment firm offering wealth management, brokerage and asset management services. As of December 2019, BPU managed approximately $990 million in assets under management.

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Categories

Investment Manager M&A, Transactions